The government-owned company, which provides integrated dredging services to ports and shipyards in India and the Indian NavyThe issue will close on March 15.

Product Note

Issue Highlight –

Issuer

Dredging Corporation of India Ltd (DCIL)

Type of Instrument

Secured, Redeemable, NCD

Issue Open

07, Mar, 2013

Issue Close

15 Mar 2013

Issue Size

500 Cr

Face Value

Rs. 1,000

Min. Application Size

5 Bonds (Rs.5000) & multiply of 1 Bond thereafter

Interest

Annual

Mode of Allotment

D'mat & Physical Form

Rating

AA by CARE, AA+ by BWR

Listing

BSE

Issue Structure –

Options

Series 1

Tenor

10 years

Coupon Rate %

Category - I, II, III

6.97%

Category - IV (Retail)

7.47%*

*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.

Cheque Details-

Retail Investor :

Bankers :

About Issue

About the Issuer

Dredging Corporation of India Ltd was established in the year of 1976 to provide dredging services to the Major port of the country in India. DCI is a pioneer organization in the field of dredging and maritime development.

DCI is schedule B & MINI RATNA Category I – Public Sector Enterprise

DCI is an M. O. U. signing company with Govt. of India

Benefit to Investor

The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.